The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Saturday, October 15, 2016
Island Reversal of Fortune aka. "Hillary Risk"
Stoned zombies went ALL IN this week betting on Hillary. Careful what you wish for...
The bulls successfully defended S&P 2120, Brexit breakout level. For now...There have been three island reversals in the past month. The fourth one gapped up on Friday. A gap down below 2120 and this shit show is over...
"Over the past month, the stock market has experienced some turbulence, including in early September and early this week...So how have Rydex traders reacted? As the chart demonstrates, they’ve reacted by dumping their Bear funds – to the point where assets in such funds are the lowest since August 2015.
A year of risk ignored
Gamblers onboarded more risk this week compliments of the Wall Street Hillary "relief" rally... Cash balances inverted